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The Latest Breaking News from SBI

SBI board approves raising Rs 10,000 crore capital via bonds

NEW DELHI: State Bank of India (SBI) on Wednesday said its board has approved Rs 10,000 crore capital raising plan through Tier I bonds.

The Times of India

Scrutiny ramps up on Meadows at the Capitol and in NC. The latest on two investigations

RALEIGH, N.C. — North Carolina’s State Bureau of Investigation has finished its inquiry into whether Mark Meadows, former President Donald Trump’s last White House chief of staff, committed voter fraud.

Tribune News Service

November inflation print provides impetus to end rate hike cycle: SBI economists

MUMBAI: The November inflation print of 5.88 per cent provides impetus to end the rate hike cycle, economists at the country's largest lender SBI said on Monday.

The Times of India

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RBI's Digital Rupee A "Game Changer", Says SBI Chairman Dinesh Khara

The Reserve Bank of India's pilot project on retail digital Rupee is a "game changer", said SBI Chairman Dinesh Khara, and added that it will have durable effects which would ensure better monetary transmission at much lesser costs. Read on for details:

Dynamite News

Digital rupee a game changer, says SBI chairman Dinesh Khara

NEW DELHI: SBI chairman Dinesh Khara on Friday said the Reserve Bank's first pilot project for retail digital rupee is a "game changer" with durable effects that should ensure better monetary transmission at much lesser costs.

The Times of India

GDP may print at 5.8% in Q2: SBI Research

MUMBAI: Citing a weak manufacturing sector coupled with the steep margin compression, SBI Research has pencilled in the country's GDP growth for the second quarter at 5.8 per cent, down 30 basis points from average estimates.

The Times of India

SBI Reports Highest Profit, Broking Houses Lauding Us: Chairman

Chairman of the country's biggest lender State Bank of India (SBI) Dinesh Khara on Saturday asserted that analysts and broking houses are praising the financial performance of the bank which reported its highest profits recently. Read on for details:

Dynamite News

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Bank of Maharashtra tops list of PSU lenders in credit growth in Q2

NEW DELHI: Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in terms of loan growth in percentage terms during second quarter of 2022-23.

The Times of India

SBI hikes term deposit rates by up to 0.80%

MUMBAI: The country's largest lender SBI on Friday upped its interest rates on term deposits by up to 0.80 per cent amid a 'war for deposits' in the banking system.

The Times of India

Banks hike MCLRs, repo-linked lending rates post RBI rate action

NEW DELHI: Joining peer lenders, SBI, Kotak Mahindra Bank and Federal Bank are the latest in the list to revise their marginal cost of funds based lending rates (MCLRs) in addition to hikes in repo-linked rates from early October.

The Times of India

SBI cuts savings deposit rate by 5 basis points to 2.7%; Bank of Baroda raises FCNR deposit rates

NEW DELHI: State Bank of India (SBI) has reduced the interest rate on savings accounts by a marginal 5 basis points to 2.70 per cent effective from October 15.

The Times of India

SBI, HDFC offer home loans at 8.40% as part of festive sales

MUMBAI: Despite rising interest rates, leading home loan players SBI and HDFC have announced discounted interest rates beginning at 8.40 per cent as part of their festive offerings.

The Times of India

Despite global slowdown, India's exports to top last year’s record of $420 billion

NEW DELHI: India's exports are set to hit a new record in the current fiscal year, a report by economists at State Bank of India (SBI) said. Last year, India achieved record exports worth $420 billion, surpassing its target of $400 billion during the year. The feat was achieved 9…

The Times of India

Fiscal hara-kiri: SBI report urges SC to cap freebie spending at 1% of state GDP

NEW DELHI: With freebies becoming a go-to option for states, a report by State Bank of India (SBI) economists, urged a Supreme Court-led panel to cap such expenses at 1% of the state's GDP.

The Times of India

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The Hindu

Government ‘singularly responsible’ for India’s economic problems: Congress

India’s economic growth is expected to decline to 5.7% this year from 8.2% in 2021, the UNCTAD Trade and Development Report 2022 projected on Monday

The Times of India

Economists see RBI delivering another 50 bps hike next week

MUMBAI: Economists are unanimous in forecasting that the central bank has no other option but to deliver a 50 bps rate hike next week and take the terminal rate to 6.25 per cent by December.

The Hindu

Explained | The electoral bonds scheme and the challenges to it in Supreme Court

So far, from March 2018 to April 2022, over 18 thousand bonds worth over ₹9.8 thousand crore have been sold by the SBI in 20 tranches

The Hindu

SBI rejects former CBDT chairman’s claim for his money swindled by scammers

Though the fraudulent transaction was partly frozen, bank refuses to return money citing negligence of customer

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The Times of India

State Bank opening rupee accounts for trade with Russia

State Bank of India (SBI), the country’s largest lender, is opening special rupee accounts to handle Russia-related trade settlements in the local currency but is not the main bank for such business.

The Hindu

SBI rejects CBDT former chairman’s claim of his money being swindled by scammers

Though the fraudulent transaction was partly frozen, bank refuses to return money citing negligence of customer

The Hindu

SBI raises benchmark lending rate by 0.7%

SBI announcement would make loan repayment linked to Benchmark Prime Lending Rate costlier

SBI ‘Export Utsav’ on Sept. 14

HYDERABAD

The Times of India

In charts: India likely to overtake Japan as third-largest economy by 2029

NEW DELHI: With India surpassing the United Kingdom (UK) to become the world's fifth largest economy, a report by the State Bank of India (SBI) suggests that the country will outstrip two other major economies to become the third-largest economy by 2029.

The Hindu

Andhra Pradesh: Police arrest two of six-member Bangladeshi ATM robbery gang

Hunt on for kingpin; embassy has been alerted, says Krishna SP

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